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The suburb’s capital gain of 6.93% for the past year is higher than average compared to its 17.07% growth within a five-year period.
Also in OAKLANDS PARK, the median home price is sitting at $540,000, and the average rent at $450, this suggests property owners could potentially earn a 4.33% increase in gross rental yield.
Property investors have seen a 4.45% gain in OAKLANDS PARK based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 2.73% growth over a ten-year period. It ranks 3256th on our list of suburbs that property investors should look into.
KEY PROPERTY DATA REPORT | HOUSE | UNIT |
---|---|---|
Median Price | $540,000 | $344,500 |
GROWTH REPORT | ||
Median Quarterly | 4.45% | -4.57% |
Median 12 month | 6.93% | 6.33% |
Median 3 years | 17.39% | 12.03% |
Median 5 years | 17.07% | 19.2% |
10 years average annual | 2.73% | 2.33% |
Weekly media advert. rent | $450 | $330 |
Time on Market | 43.8 days | 56.9 days |
Gross Rental Yield Percent | 4.33% | 4.98% |